Global Negative Pressure Wound Therapy Market to grow at a CAGR of 8.06% during the period 2016 - 2020; Finds New Report

Report forecast the global negative pressure wound therapy (NPWT) market to grow at a CAGR of 8.06% during the period 2016-2020.

Negative pressure wound therapy (NPWT) is a therapeutic technique used for the treatment of acute and chronic wounds. To accelerate the recovery process of any wound, removal of the accumulated fluid and infectious materials from the wound surface is necessary. The NPWT device helps in the suction of the accumulated fluid by applying around 125 mm Hg pressure. The NPWT system consists of a vacuum pump, foam or gauze wound dressing, drainage tubing, a canister for storage of surgical or medical aspiration fluid, and an adhesive film dressing to cover and seal the wounds.

The report covers the present scenario and the growth prospects of the global negative pressure wound therapy (NPWT) market for 2016-2020. To calculate the market size, we consider the revenue generated from the sales of NPWT and its related products such as pumps and canisters that are used to diagnose acute and chronic wounds.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, advancements in negative pressure wound therapy device technology will be a key driver for market growth. Technological innovations in wound care products have significantly influenced the use and preference for advanced products over traditional ones by clinicians and individuals. These advanced wound care products are highly efficient and safe and have a better wound healing capability, which will eventually reduce hospital stays. Various companies develop different technologies and products to increase patient adoption. Companies are trying to develop products that are easy to use and cost-effective.

Further, the report states that high cost of negative pressure wound therapy systems will be a challenge for the market. Growing prevalence of comorbidities in chronic wound individuals has increased the treatment cost, which in turn has resulted in the high price of NPWT products. A wound primarily requires a dressing that is selected according to the individual's health, product awareness, and careful clinical assessment. No robust or cost-effective dressing is available except antimicrobial dressings (silver, iodine, or honey), which are preferred over non-medicated dressings to heal chronic wounds. Though new technologies such as NPWT, biomaterials dressings, and skin substitutes provide better clinical outcomes, because of their high costs other advanced wound care dressings are preferred over them. The NPWT procedure includes dressing cost ($25-$100), the cost of the pump ($340-$500), and canister cost ($30) per day.

Global Negative Pressure Wound Therapy (NPWT) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global negative pressure wound therapy (NPWT) market: Acelity, Mölnlycke Health Care, 4L Health, and Smith & Nephew.

Other Prominent Vendors in the market are: BSN medical, Carilex Medical, ConvaTec, Equinoxo2 Medical, Galaxy Medical Products, Genadyne, H&R Healthcare, Innovative Therapies, Pensar Medical, PolyNovo, Shandong Wego New Life Medical Device, Talley, and Triage Meditech.

Market driver

• Increased chronic leg ulceration in geriatric diabetic population
• For a full, detailed list, view our report

Market challenge

• High cost of NPWT systems leading to increased adoption of traditional wound care products
• For a full, detailed list, view our report

Market trend

• Increased use of single-use portable NPWT systems and disposable canisters
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 109 pages and 82 Exhibit “Global Negative Pressure Wound Therapy Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Economic evaluation of NPWT, Market segmentation by product, Market segmentation by application, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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